CFA Institute Reviews

It is highly disappointing that as a senior manager, I am forced to comment on this site about the lack of Board pro activity to remove the current CEO over the last 3 years of declining performance against all meaningful KPIs. But what is more shocking is the Board’s utter complacency to deal with the toxic culture that the CEO has personally created during her tenure. A CEO that is incompetent, narcissistic and insecure has led to over a 100% turnover in the Leadership Team in the last 2 years. The organisation’s own DEI and ethical practices would ironically fail their own relevant standards. The positive energy, passion and high creativity that many experienced in past years, has been sucked out of the room under the current leadership. Much of this has been made known to key Board members by senior staff , but has been dutifully ignored because the CEO selected a Board Chair that would ensure her protection and continuation at, what seems to be, the cost to our membership and the goodwill of our societies. If the Board is not prepared to take action, then CFA Institute Members need to seek a vote of no confidence in the Board at the next AGM.

Poor top-down communication from leadership Leadership does not appear to care about the "little people" Administrative bloat is now happening at a rapid pace The work can often be dull